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MUFG avoids massive loss on Indonesian banking unit

Bank Danamon shares recover to safe level as quarter ends

Mitsubishi UFJ Financial Group risked facing its first April-June loss since the group's 2005 formation had it needed to write down goodwill on the Bank Danamon acquisition.   © Reuters

TOKYO -- Mitsubishi UFJ Financial Group no longer is expected to book a multibillion-dollar impairment charge this quarter on its stake in an Indonesian banking subsidiary, thanks to the lender's shares rebounding this month.

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